General Article Archives - Page 12
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Cooperatives: An Ownership Model for Digital Networks
Could a legal structure common to credit unions and rural utilities revitalize blockchain and help realize the web3 vision of a new digital world?Turbulence in the crypto and blockchain markets over the past year has shed light on a question that has received increasing attention: how web3 companies share ownership in digital networks, including through tokens. As the industry wrestles with this question, builders and investors should consider ...
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NSAC Highlight from 2022
NSAC, the only professional organization dedicated to providing education, resources and connections to professionals involved in the financial management and planning of cooperatives, takes a look back at the highlights from 2022. We would like to thank the members and friends of NSAC for a successful year!
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Patronage or Non-patronage? The Internal Revenue Service provides guidance on the determination of patronage for two rural telephone cooperatives.
During the first half of 2022, the Internal Revenue Service (the “Service”) released two private letter rulings (“PLRs” or a “PLR”) that addressed unique situations impacting rural telephone cooperatives. In the first PLR, the Service concluded that a portion of a gain realized by a consolidated corporate subsidiary of the cooperative could be excluded from consolidated gross income if properly allocated to ...
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5 Tips to Help CFOs Become Better Negotiators
Here’s how to get better at negotiating both inside and outside the company. Sandra Beckwith, CFO.com, September 29, 2022 Ravi Narula (CFO of FinancialForce) recalls a particularly frustrating situation several years ago when closing a deal with a company in another country. The two parties had negotiated all terms. With no remaining questions or open items, they submitted the contract for legal review. During that two-week period, ...
Read More5 Mentorship Tips for Recruitment and Retention
Attracting and retaining employees has proved a challenge in the wake of unprecedented levels of employee resignations and an increased desire for hybrid or work-from-home options. Compounding this frustration is the high failure rate of young professionals in many industries, creating more job openings. However, normalizing high failure rates among young professionals is a dire mistake.
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